Yesterdays session reached 1298.50 but quickly retreated removing the possibility of getting long. However the willingness for the S&P 500 futures market to make a higher high further supports getting long at the 1298 price level. Volume was right at the 50 day moving average which is appropriate for the lack of real move in the market. Retail Sales are being released today which could give the market an excuse to make a big move.
